# Hanwha Aerospace to merge defence businesses of Hanwha Group

Hanwha Aerospace announced it will acquire the defence business of Hanwha Corporation and absorb its wholly owned affiliate Hanwha Defense, creating a merged defence entity with an enterprise value of KRW1.25 trillion (USD960 million).

- Type: Acquisition
- Announced: 2022-07-29
- Where: South Korea
- Value: $960.0M (1250.0B KRW)
- Status: announced
- Products: aero-engines, missiles, rockets, munitions, unmanned systems, underwater systems
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md), [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Hanwha Aerospace](https://endata.com/companies/5761.md) (acquirer)
- [Hanwha](https://endata.com/companies/8471.md) (target)
- [Hanwha Defense](https://endata.com/companies/64474.md) (target)

## Sources

- [janes.com](https://www.janes.com/defence-intelligence-insights/defence-news/industry/hanwha-announces-defence-consolidation), 2022-08-01: "This [merger] will create synergies across land, sea, air, and space technologies and expand exports."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.